IRS Warns Small Businesses and Taxpayers to Stay Alert for Scams After 2025 Tax Deadline

blog /

As the 2025 tax season comes to a close, the IRS is reminding small business owners, independent contractors, and all taxpayers to remain cautious of scams and fraudulent schemes that can strike year-round. Form1099online.com, an IRS-authorized e-file provider, encourages filers to stay informed and take action to protect their tax and business information, even after […]

IRS Warns Small Businesses and Taxpayers to Stay Alert for Scams After 2025 Tax Deadline Read More »

National Small Business Week: Essential IRS Form 1099 Updates Every Small Business Owner Should Know

blog /

Every year, the IRS and the Small Business Administration (SBA) shine a spotlight on entrepreneurs and small business owners during National Small Business Week. It’s a time to celebrate innovation, hard work, and the vital role small businesses play in the U.S. economy. But it’s also the perfect time to make sure your business is

National Small Business Week: Essential IRS Form 1099 Updates Every Small Business Owner Should Know Read More »

IRS Releases Draft Versions of Forms 1099-MISC and 1099-NEC: What You Need to Know

blog /

In April 2025, the IRS unveiled draft versions of Form 1099-MISC (Miscellaneous Information) and Form 1099-NEC (Nonemployee Compensation). These drafts offer a preview of potential changes but are not finalized for official use. The IRS advises taxpayers and businesses to refrain from using these draft forms for filing purposes. ​ Key Highlights from the Forms

IRS Releases Draft Versions of Forms 1099-MISC and 1099-NEC: What You Need to Know Read More »

E-Filing vs. Paper Filing: Which Is the Best Way to Submit Your 1099 Forms?

blog /

For businesses and self-employed individuals, Form 1099 reporting is an essential tax obligation. Whether paying independent contractors, freelancers, or vendors, the IRS requires accurate and timely submission of 1099 forms to track taxable income. But when it comes to filing, businesses face a crucial decision: Should you e-file or submit paper forms? With tax regulations

E-Filing vs. Paper Filing: Which Is the Best Way to Submit Your 1099 Forms? Read More »

Top Reasons Businesses Get IRS Penalties for form 1099 (And How to Avoid Them)

Top Reasons Businesses Get IRS Penalties for form 1099 (And How to Avoid Them)

blog /

Filing Form 1099 correctly is essential for businesses to comply with IRS regulations and avoid costly penalties. Many companies, especially small businesses and independent contractors, make mistakes that lead to IRS-imposed fines. Understanding the most common reasons businesses receive penalties can help prevent compliance issues and ensure smooth tax reporting. Common Reasons Businesses Face 1099

Top Reasons Businesses Get IRS Penalties for form 1099 (And How to Avoid Them) Read More »

Crypto Tax Reporting in 2025: How Form 1099 Applies to Digital Transactions

blog /

Introduction As cryptocurrency adoption continues to grow, tax authorities have tightened reporting requirements to ensure compliance. The IRS mandates that certain crypto transactions be reported using Form 1099, making it essential for taxpayers to understand how these forms apply to digital transactions. With new regulations set for 2025, crypto investors and businesses must stay informed

Crypto Tax Reporting in 2025: How Form 1099 Applies to Digital Transactions Read More »

Protecting Yourself from Tax Fraud: What to Do If You Receive a False 1099 Form

blog /

Tax season can be stressful, but discovering a false Form 1099 in your name adds another layer of concern. A fraudulent or incorrect 1099 can lead to unexpected tax liabilities and potential IRS scrutiny. Whether due to identity theft or reporting errors, it’s crucial to address the issue promptly. Here’s what you need to know

Protecting Yourself from Tax Fraud: What to Do If You Receive a False 1099 Form Read More »

Understanding Form 1099-NEC Copies: What Employers and Recipients Must Know

blog /

The IRS Form 1099-NEC (Nonemployee Compensation) is a crucial document for businesses that hire independent contractors. Employers must accurately complete and distribute this form to comply with tax regulations. Understanding the different copies of Form 1099-NEC and their specific purposes is essential for both employers and recipients. Breakdown of Form 1099-NEC Copies Form 1099-NEC consists

Understanding Form 1099-NEC Copies: What Employers and Recipients Must Know Read More »

Maximizing Financial Efficiency: The Essential Role of a 1099 Tax Calculator

blog /

For freelancers, independent contractors, and small business owners, managing tax obligations effectively is crucial for financial stability. Unlike traditional employees who have taxes withheld from their paychecks, self-employed individuals must calculate and pay their own taxes. This process can be complex, but a 1099 tax calculator serves as a valuable tool to simplify tax planning,

Maximizing Financial Efficiency: The Essential Role of a 1099 Tax Calculator Read More »

IRS Expands International Tax Reporting: What U.S. Businesses Must Know

blog /

In recent years, the IRS has strengthened its efforts to enforce international tax compliance. U.S. businesses that engage in cross-border transactions, hire foreign contractors, or manage overseas accounts must now meet expanded reporting obligations. Failure to comply with these rules can lead to severe penalties and increased scrutiny. This article explains the latest international tax

IRS Expands International Tax Reporting: What U.S. Businesses Must Know Read More »